Tailored Brands (NYSE:TLRD) Releases Q3 2019 Earnings Guidance

Tailored Brands (NYSE:TLRD) issued an update on its third quarter 2019 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.40-0.45 for the period, compared to the Thomson Reuters consensus estimate of $0.88.

Shares of TLRD traded up $0.39 during trading hours on Wednesday, reaching $7.17. 4,611,306 shares of the stock traded hands, compared to its average volume of 2,374,060. The company has a current ratio of 1.39, a quick ratio of 0.22 and a debt-to-equity ratio of 317.61. Tailored Brands has a 52-week low of $4.21 and a 52-week high of $28.78. The company’s 50-day moving average price is $5.03 and its two-hundred day moving average price is $6.96. The company has a market cap of $312.71 million, a P/E ratio of 3.10 and a beta of 1.83.

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Tailored Brands (NYSE:TLRD) last issued its earnings results on Wednesday, June 12th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.06. Tailored Brands had a net margin of 2.39% and a return on equity of 4,518.17%. The company had revenue of $781.40 million during the quarter, compared to the consensus estimate of $776.22 million. During the same quarter in the prior year, the firm posted $0.50 EPS. Tailored Brands’s quarterly revenue was down 4.5% compared to the same quarter last year. On average, research analysts forecast that Tailored Brands will post 1.66 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 17th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.72 dividend on an annualized basis and a yield of 10.04%. Tailored Brands’s dividend payout ratio is presently 31.17%.

TLRD has been the topic of several research analyst reports. Zacks Investment Research lowered Tailored Brands from a hold rating to a sell rating in a research note on Wednesday, August 28th. B. Riley cut their target price on Tailored Brands from $7.00 to $10.00 and set a neutral rating for the company in a research report on Thursday, June 13th. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The company presently has an average rating of Hold and a consensus target price of $17.00.